FARO CEO Earns Entrepreneur of the Year Award
June 06 2008 - 1:26PM
PR Newswire (US)
LAKE MARY, Fla., June 6 /PRNewswire-FirstCall/ -- FARO
Technologies, Inc. (NASDAQ:FARO) the world leader in portable
computer-aided measurement hardware and software, announced that
its President and CEO, Jay Freeland, earned Ernst & Young's
2008 Florida Entrepreneur of the Year Award in the Technology
category. Freeland came to FARO in October 2004 as President and
COO, became co-CEO in February of 2006 and was confirmed as the CEO
in December of that same year. Since then FARO has released nine
new products, 12 new software versions, established an Asia-Pacific
headquarters in Singapore, expanded its operations to Mexico, and
grown from 438 employees to 825 worldwide. All the while, the
Company has maintained strong double-digit sales growth year over
year. "There are moments in life when the coach receives undue
credit for the performance by a team of all stars," Freeland said
during his acceptance speech at the gala event. "Certainly this is
one of those moments. I'm honored by the recognition, and grateful
to everyone at FARO who shares in this company-wide achievement."
Award recipients were selected by an independent panel of judges
recognizing entrepreneurs who "demonstrate extraordinary success in
the areas of innovation, financial performance and personal
commitment to their businesses and communities." Freeland is now
eligible for Ernst & Young's Entrepreneur of the Year 2008
national program, which will be announced in November. About FARO
With approximately 17,000 installations and 7,600 customers
globally, FARO Technologies, Inc. designs, develops, and markets
portable, computerized measurement devices and software used to
create digital models - or to perform evaluations against an
existing model - for anything requiring highly detailed 3-D
measurements, including part and assembly inspection, factory
planning and asset documentation, as well as specialized
applications ranging from surveying, recreating accident sites and
crime scenes to digitally preserving historical sites. FARO's
technology increases productivity by dramatically reducing the
amount of on-site measuring time, and the various industry-specific
software packages enable users to process and present their results
quickly and more effectively. Principal products include the
world's best-selling portable measurement arm - the FaroArm; the
world's best-selling laser tracker - the FARO Laser Tracker X and
Xi; the FARO Laser ScanArm; FARO Photon Laser Scanners; the FARO
Gage, Gage-PLUS and PowerGAGE; and the CAM2 Q family of advanced
CAD-based measurement and reporting software. FARO Technologies is
ISO-9001 certified and ISO-17025 laboratory registered. DATASOURCE:
FARO Technologies, Inc. CONTACT: Darin Sahler, Global PR Manager,
FARO Technologies, Inc., +1-407-333-9911, Web site:
http://www.faro.com/
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